Puma’s CEO becomes Adidas new boss

Adidas said Tuesday that Bjorn Gulden, chief of rival outfitter Puma, would take over as its Chief Executive Officer as the German sportswear giant seeks to emerge from months of turbulence.

Gulden will take on the role from January next year, replacing current CEO Kasper Rorsted, Adidas said.

The 57-year-old “brings almost 30 years of experience in the sporting goods and footwear industry,” said Thomas Rabe, chairman of the supervisory board of Adidas.

He added, “As CEO of Puma, he re-invigorated the brand and led the company to record results… Gulden will head Adidas into a new era of strength”.

Adidas has faced months of turmoil which have hit sales. The company lowered its outlook for 2022 in July due in part to continuing severe coronavirus restrictions in key market China.

Related News

The group also cut ties with Kanye West at the end of October after a series of anti-Semitic tweets by the rapper caused an outcry.

Adidas ended production of the highly successful “Yeezy” line designed together with West, a move that would slash the company’s net income in 2022 by “up to 250 million euros ($246 million)”.

Both Adidas and Puma are based in the Bavarian town of Herzogenaurach, close to Nuremberg.

The twin companies were founded by two brothers.

Adolf Dassler began Adidas before his brother, Rudolf, with whom he had a fierce rivalry, established Puma.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: [email protected]

Kindly give us two minute from your time to follow our social handles... Click on social media logo below to follow...Thanks

About Zacnetwork

I'm Zaccheaus Adeyemi Ogunwale by name, a computer scientist with multimedia art/lens skills. A CEO of Zacnetwork/Naijatrackz subcidiary of Zac Media House. Zacnetwork ✅ A computer scientist that specialize in blogging, Promotion and Distribution of songs, both in Locals and internation Digital Music Platforms, Also to the Top Website, Instagram, Twitter PR, Broadcasting Audiomark Promotion. NaijaTrackz/Gospelnoise ✅ Specialised in Entertainment platform that provide a unique latest news of celebrities, download of latest musics. Finally, I'm CEO of Zacnetwork.org for 3years,now, expands to naijatrackz.com.ng or gospelnoise.com

Check Also

Rwanda: Two candidates up against Paul Kagame in July 15 poll

0share Facebook0 Twitter0 LinkedIn0 Reddit0 Email0 Rwandans will choose between 3 presidential candidates and over …

Leave a Reply

Share via
Send this to a friend